Global Edible Oils and Fats Market Research Report- Forecast to 2025
Published | July 2019
According to Blueweave Consulting, The Global Edible and Fats Oil Market is projected to touch XX.XX Million by the end of 2025 with an annual growth rate of X.XX%.
Increasing importance of vegetable oils as key functional ingredients which lessen the risk of heart disorders along with lowering the chance of breast cancer is anticipated to increase the market growth. The excellent anti-inflammatory properties coupled with growing popularity of omega-3 fatty acid as a nutritional constituent in food industry is likely to boost the adoption of oil produced from soybean, canola, and flax seeds.
Moreover, edible oils find application as a good flavoring agent due to the association of unique aroma of peanut or groundnut oil.
Sunflower oil holds more than 30% market share and expected to reach USD XX.XX Million owing to growing importance of the product as a key source of several nutritional constituents such as vitamin E, selenium, , and magnesium in food and beverage industry. Soybean oil is projected to be the fastest growing type during the forecast period. On the basis of fat type, the butter & margarine segment held for the largest market share in 2018.
Convenience stores represent the largest segment followed by supermarkets and hypermarkets owing to the rising number of health-conscious consumers, expanding working population and increasing urbanization are boosting the edible & fats oil market. Apart from standard stores e-commerce is the next big sector. The growing online sales of products, increasing demand for edible & fats oil, and products innovation offerings are the key driver for the market.
Geographically, the Global edible & fats oil market is analyzed across North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia-Pacific accounted for the maximum market share in 2018 lead by India and projected to dominate the overall edible & fats oil market over the forecast period. Owing to the expansion of the middle-class population, rapidly growing fast food industry, increasing disposable income, rapid urbanization. Change in the dietary preferences of consumers in countries like China, India, and Australia has led to an increased demand for the edible & fats oil in the region.
In 2018, Plant sourced oils holds the largest market share of more than XX% owing to growing adoption of vegan life-style and augmented demand for naturally sourced products. Animal sourced fats will witness sturdy growth rate over the forecast period 2019-2025.
The leading market players in the Global Edible Oils and Fats market primarily are Archer-Daniels-Midland Co. (U.S.), Associated British Foods Plc. (U.K.), Wilmar International Ltd (Singapore), Bunge limited (U.S.), Adani Wilmar Ltd (India), Cargill, Inc.(U.S.) and Ajinomoto Co., Inc.(Japan)
· Edible Oils and Fats Manufacturers
· Food and beverage Industry
· Agriculture Industry
· Bio-diesel manufacturers
· Animal feed manufacturers
· Retailers and wholesalers
· Traders, importers and exporters
· The Global Edible Oils and Fats market is expected to touch XXXX kilo tons by 2025 with an annual growth rate of X.XX%
· In 2018, the palm oil and soybean oil together accounted more than XX% of entire edible & oil fats market.
Regional and State wise Analysis of Global Edible Oils and Fats market Development and Demand Forecast to 2025 Market
The reports also cover country level analysis:
· Rest of Europe
Asia – Pacific
· Saudi Arabia
· Rest of MEA
· Rest of Latin America